The file reviewer is resolving AIR Appraiser Independence during a quality-control sample. Which action best fits the rule?
Correct Answer
B) Do not pressure the appraiser to hit a target value
Why this is correct: The governing concept under the Appraiser Independence Requirements (AIR) is that appraisers must be free from coercion or influence. Lenders and their agents cannot pressure an appraiser to reach a predetermined value. The correct action, "Do not pressure the appraiser to hit a target value," is a direct application of this core independence rule. Why the other choices are wrong: Discussing a target value with the appraiser to keep the transaction alive is wrong because it constitutes improper influence. Ordering a second appraisal solely because the first value was too low is wrong unless there is a legitimate basis (e.g., errors in the first report); ordering one just for a higher value is prohibited. Withholding the valuation copy until closing if the applicant does not ask is wrong because regulations generally require providing the appraisal copy promptly upon completion or at least three days before closing. Exam tip: You must never communicate a desired value to an appraiser. Their valuation must be independent and objective.
Why This Is the Correct Answer
The correct response is "Do not pressure the appraiser to hit a target value" because Appraisal handling requires valuation independence and timely valuation copies.
Why the Other Options Are Wrong
Option A: Discuss a target value with the appraiser to keep the transaction alive.
This choice is not the best answer because it applies the wrong file step for appraisal and valuation independence; the governing rule is tested by the correct option.
Option C: Order a second appraisal solely because the first value was too low.
This choice is a tempting shortcut, but it conflicts with appraisal and valuation independence because the file still needs the required documentation, timing, or rule-based review before the action is taken.
Option D: Withhold the valuation copy until closing if the applicant does not ask.
This choice is not the best answer because it applies the wrong file step for appraisal and valuation independence; the governing rule is tested by the correct option.
Memory Technique
appraisal and valuation requirements: identify the rule being tested, then choose the action that documents or applies that rule before the file moves forward.
Exam Tip
For appraisal and valuation independence questions, separate the required file step from plausible sales, timing, or documentation shortcuts.
Common Mistakes to Avoid
- -Choosing an internal exception instead of the governing rule
- -Treating preliminary or informal facts as a substitute for required documentation
- -Answering from a familiar but unrelated mortgage topic
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